Fallback: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson m (Add links.) |
imported>Doug Williamson (Add link.) |
||
Line 16: | Line 16: | ||
* [[Alternate Base Rate]] | * [[Alternate Base Rate]] | ||
* [[Benchmark]] | * [[Benchmark]] | ||
* [[Hardwired]] | |||
* [[Legacy]] | * [[Legacy]] | ||
* [[LIBOR]] | * [[LIBOR]] |
Revision as of 18:14, 17 July 2021
1. Interest rates - reference rates.
A 'fallback' is a specified alternative reference interest rate, for use in the event that the originally envisaged reference rate is unavailable.
"Whilst fallbacks are contained in existing documentation should a reference rate become (temporarily) unavailable, these were not drafted as a long-term solution [to the permanent retirement of LIBOR]."
ACT Briefing Note, Transition to risk free rate benchmarks.
2.
Similar arrangements in other contexts.
See also
- Alternate Base Rate
- Benchmark
- Hardwired
- Legacy
- LIBOR
- Reference rate
- Risk-free rates
- Waterfall
- Waterfall methodology
Other links
A World without Libor - FCA speech - July 2018
The future of LIBOR: what you need to know, ACT & LMA, March 2018